USA: DaimlerChrysler Issues Its First Global E-Bond
DaimlerChrysler announced today that it has successfully priced a $2 billion global electronic bond issue offered in two tranches. The first tranche was $1 billion of five-year notes with a coupon of 7 3/4 percent priced at 99.556 to yield 7.858 percent. The second tranche was $1 billion of 10-year notes with a coupon of 8 percent priced at 99.861 to yield 8.02 percent.
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